More Indian women are joining workforce but gender employment gap is still high, shows new report
Latest Moody’s Analytics report shows India, Philippines have shown highest decline in gender employment gap since 2019. But the disparity for India is still 4 times that of US, EU. Key Points
ThePrint'Empower women.' Zerodha founder Nithin Kamath's advice to aid India's economic growth
Nithin Kamath, the entrepreneur who recently became a billionaire, expressed surprise at the low female labour force participation rate in India. He highlighted the need to empower women to join the workforce, as it would boost the country's economic growth. Key Points
Economic TimesStellar GDP growth in Q1 results in better employment numbers
The Indian economy grew 7.8% in the first quarter of the year on the back of services growth and strong domestic demand. The improving employment situation in the country also translated into an improvement in female labour force participation in urban areas to 23.2% from 22.7% in the previous quarter. Male labour force participation remained steady at 73.5%. Labour Force participation Rate (LFPR) is defined as the percentage of population in the labour force, as per the report. Key Points
Economic TimesUS urges WHO to include Taiwan in May global meet despite China's objection
Taiwan's foreign ministry thanked the U.S for its strong support for participation in upcoming WHO'S global meet. | World News Key Points
Hindustan TimesUnemployment rate declines, female labour force participation rises in Q1FY24: MoSPI
The Indian economy saw strong growth in the first quarter, leading to improved employment numbers. The unemployment rate in urban areas decreased to 6.6% in the April-June quarter, compared to 6.8% in the previous quarter. Female labor force participation also increased to 23.2% in urban areas. Key Points
Economic Times
Indian employment data generates both misconceptions and puzzles
Data shows that the youth has seen the largest addition to the number of workers relative to its population, which counters a narrative of dwindling jobs for them. Trends like rising female work participation need study, though. Key Points
mintIndia, Philippines witnessed the largest decline in gender gap in the post-pandemic period: Moody’s
Moody's Analytics reports that India and the Philippines have seen the largest reduction in the gender gap in labor force participation post-pandemic. The narrowing gap since 2019 has added $1.5 trillion to global income, with almost half coming from India and Japan. Despite progress, India's gender gap remains over four times that of the US or the EU, attributed to traditional gender roles and insufficient supportive policies for women in the workforce. Key Points
Economic TimesXi Jinping , Shehbaz Sharif to join India-hosted SCO meet
China, Russia and Pakistan have confirmed participation in the next week’s Shanghai Cooperation Organisation (SCO) summit, which for the first time will be hosted by India, though in a virtual mode. India holds the rotating presidency of the organisation this year. Key Points
The Tribune IndiaModi to address fintech event Infinity Forum 2.0 on Dec 9
New Delhi, Dec 6 (PTI) Prime Minister Narendra Modi will address the second edition of the flagship financial technology event Infinity Forum 2.0 on Saturday, the finance ministry said on Wednesday. The event will be hosted by the International Financial Services Centres Authority (IFSCA) and GIFT City, under the aegis of Government of India, the […] Key Points
ThePrintPost Covid, India one of the main drivers of narrowing gender gap in labour force participation: Moody's
Olia Kuranova of Moody's discusses the impact of narrowing the gender labour force participation gap, estimating $1.5 trillion added to the global economy. India has made impressive progress, but traditional gender roles and lack of supportive policies contribute to a significant gender gap. Change in global attitudes towards remote work and hybrid arrangements has created opportunities for women in particular. Key Points
Economic Times
BHU praised as GATI achiever for efforts for women under STEMM
The Banaras Hindu University (BHU) has been recognized by the Indian government for its efforts in promoting the participation of women in STEM fields. The university has been acknowledged as a "GATI achiever" under the Gender Advancement for Transforming Institutions (GATI) program. The Department of Science and Technology (DST) praised BHU for its commitment to gender equality and making action plans to enhance women's participation in science and technology. BHU has become a role model for other institutions participating in the initiative. Key Points
Hindustan TimesClosing gender gap will solve global economic crises. But at this rate, it could take a century
Raising female participation in the workforce by 5.9 percentage points could help emerging markets grow their economies by around 8 per cent. Key Points
ThePrintFM Sitharaman stresses on attracting private investment to develop urban infra
We need alternate solutions to leverage private sector participation in this context. Innovative financing instruments such as blended finance, structured project finance, securitization, thematic bonds, biodiversity offerings...and local currency finance, are some of the needs, FM Sitharaman said. Key Points
Economic TimesTaller highways construction targets being fixed ahead of 2024 elections
A senior Roads Ministry official told ET that highway construction goals for the fiscal are being redrawn after top government functionaries expressed dismay at modest targets. He also said there will be higher retail participation in the coming round of National Highways Authority of India (NHAI) infrastructure investment trust (InvIT) fund raise. Key Points
Economic TimesRBI issues revised norms to streamline bill payments process
These directions will be applicable from April 1, 2024 to banks, NPCI Bharat BillPay Limited and other non-bank payment system participants. Bharat Bill Payment System (BBPS) is an integrated bill payment platform which enables payment or collection of bills through multiple channels using various payment modes, like UPI, internet banking, cards, cash, and prepaid payment instruments. Key Points
Economic Times
Where's India? Key holdout country's minister absent from WTO meeting
India's Commerce Minister, Piyush Goyal, was absent at the start of a major World Trade Organization (WTO) meeting in Abu Dhabi, causing concerns about the impact on discussions. Goyal is a key player in the trade negotiations focusing on fisheries and digital trade tariffs. However, WTO Director-General Ngozi Okonjo-Iweala stated that Goyal's participation delay was due to mistiming, and he would join the conference later. Key Points
Economic TimesBullet train project gets new head
In his earlier role, Vivek Kumar Gupta was responsible for the integrated functioning of Civil (Works, Project Monitoring & Station Development), Electrical (RE), Signal & Telecommunication, Traffic, Finance, Planning, and Economic Directorates. National High-Speed Rail Corporation Limited (NHSRCL) is a Special Purpose Vehicle with equity participation by Central Government through Ministry of Railways and two State Governments of Gujarat and Maharashtra. It is implementing India's first bullet train project. Key Points
Economic TimesRapido offers free rides to 2600 polling booths in Hyderabad on Nov 30
Rapido, the ride-sharing platform, has announced the launch of a initiative to provide free rides to over 2,600 polling stations in the city on November 30. The initiative aims to assist and encourage voters by offering convenient transportation options to polling stations. Key Points
Economic TimesOpenAI's Ilya Sutskever ‘deeply regrets’ his role in ouster of Sam Altman
'I deeply regret my participation in the board's actions. I never intended to harm OpenAI. I love everything we've built together and I will do everything I can to reunite the company,' Ilya Sutskever, the company's chief scientist, said. Key Points
mintPiyush Goyal stresses on need to ensure open supply chains
With respect to the Global South, the first need is to identify global value chains, where each of the countries could focus on not only increasing their participation but also improving the quality of their participation by moving up the value chain, Goyal said at the second Voice of Global South Summit. He said this will help them to partake in the largest share of high value-added parts of the GVCs. Key Points
Economic Times
Hyundai makes six airbags standard across all models
Hyundai Motor India on Tuesday said all its models in the country would now come with six airbags as standard. The automaker also announced that it has decided for voluntary participation in the recently introduced Bharat NCAP with three models to begin with, and more models to follow. PTI Key Points
The Tribune IndiaMann ki Baat highlights: PM Modi says India ready for G20 leaders summit, lauds Chandrayaan-3
India is fully ready for the G20 leaders summit and it will see the highest participation in the bloc's history, said PM Modi while addressing the 104th episode of his monthly radio programme Mann Ki Baat on Sunday. India's G20 presidency is people's presidency, said the PM. Talking about Chandrayaan-3, the PM said Mission Chandrayaan is a living example of women's power as many women scientists & engineers were directly involved in the mission. Key Points
Economic TimesGovt extends deadline to apply for judicial, technical posts at NCLAT till Sep 1
To widen the participation of candidates and attract the best talent, it has been decided to accept further applications, with the last date for submission of the online application being extended to September 1, 2023, the notice said. All other terms and conditions of the vacancy circular, including eligibility criteria, age limit, and qualification, for the posts remain unchanged, it added. Key Points
Economic TimesSoftware engineer shares how she landed a job with Microsoft India, says consistency is key
An Indian software engineer shared how she landed a role with Microsoft as a fresher. She says that consistent preparation and active participation in competition helped her secure a job. Key Points
India TodayIndia's unemployment rate eases to 6.8% in January-March 2023: NSO survey
The unemployment rate was 6.0% for men and 9.2% for women. It was 6.5% and 9.6% for men and women respectively, in October– December 2022.According to the PLFS report, female labour force participation in Q4 FY23 increased marginally to 22.7% from 22.3% in the previous quarter. The male abour force participation stands at 73.5%. Key Points
Economic Times